Quarterly net income of $2.6M against a loss of $3.4M a year earlier; Smith & Wesson swings to Q1 profit on 32.3% sales growth, aided by one-time tariff refund

Filed September 3, 2026 · Period ending July 31, 2026 · Compared to 10-Q Sep 4, 2025 · ~1 min read

Key Changes

• high

  Net sales rose 32.3% to $112.6M, and the company swung to net income of $2.6M ($0.06 diluted EPS) from a loss of $3.4M a year ago.

  MD&A: Results verify on EDGAR →
• high

  Gross margin improved to 28.7% from 25.9%, but $2.9M in tariff refunds contributed ~260 bps; excluding that, margin was 26.1%.

  MD&A: Gross Margin verify on EDGAR →
• high

  Capex guidance nearly doubled to $45–50M for fiscal 2027, up from $25–30M, signaling capacity expansion.

  MD&A: Capex verify on EDGAR →